Global Low-VOC adhesives Market: Overview

The term ‘low VOC’ refers to volatile organic compounds that are not harmful to the environment and humans. Low-VOC adhesives are used to bind laminates, wood, metals, and particle boards. They are also employed to bind soft foams, lightweight materials, and substrates with more porous surfaces. Low-VOC adhesives have high-strength bond, making them ideal for use in bonding paper, cardboards, and numerous applications such as labeling, packaging, palletizing, and case-sealing. Low-VOC adhesives are also used in a wide range of industries and applications including product assembly, furniture & upholstery, and textile.

Global Low-VOC adhesives Market: Key Segments

Based on type, the low-VOC adhesives market can be segmented into water-based adhesives, hot-melt adhesives, and reactive & others. The water-based adhesives segment is projected to dominate the low-VOC adhesives market during the forecast period. Water-based adhesives are used due to their low content of VOCs, flexibility, excellent shear strength, and significant adhesion to diverse substrates. Water-based adhesives are easy to handle and they have better efficiency than other adhesives. This factor is expected to drive the water-based adhesives segment during the forecast period. Based on chemistry, low-VOC adhesives market has been segregated into polyvinyl acetate (PVA) emulsion, polyacrylic acid emulsion (PAE), vinyl acetate/ethylene (VAE) emulsion, polyurethane, epoxy, and others.

Polyvinyl acetate (PVA) emulsion is expected to be the leading segment of the global low-VOC adhesives market during the forecast period. PVA emulsions are eco-friendly and they are widely used in adhesives as synthetic resins. PVA emulsions have superior properties such as waterborne nature, low content of VOCs, and excellent adhesion to different substrates. PVA emulsions have a variety of packaging applications such as bookbinding, paper bags, cartons, labels, foils, films, paperboard decals, wood assembly, automobile upholstery, and leather binding. In terms of end-use industry, the low-VOC adhesives market has been classified into paper & packaging, building & construction, woodworking, transportation, consumer, and others. The transportation segment is projected to lead the low-VOC adhesives market during the forecast period. In the transportation industry, low-VOC adhesives are used extensively in applications such as aircrafts and automobiles. Stringent standards for automotive OEMs and increasing number of government regulations about quality of indoor air in passenger vehicles are fueling the global demand for low-VOC adhesives.

Global Low-VOC Adhesives Market: Trends & Developments

Major drivers of the global low-VOC adhesives market include high investments in developing economies of Asia Pacific, rising demand for lightweight and low-carbon-emitting vehicles, and shift in preference toward hot-melt adhesives. Volatility in raw material prices is a restraining factor for the low-VOC adhesives market. Increasing demand for green and sustainable adhesives and growing trend of hybrid and electric vehicles are presenting growth opportunities to the global low-VOC adhesives market. Stringent regulatory policies in various countries is a major challenge for the global low-VOC adhesives market.

Global Low-VOC Adhesives Market: Regional Outlook

Based on region, the global low-VOC adhesives market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global low-VOC adhesives market in Asia Pacific is expected to register the maximum CAGR during the forecast period. Developing economies in the region such as China, India, South Korea, and countries in Southeast Asia are attracting several global players to establish their manufacturing bases in these countries.

Global Low-VOC Adhesives Market: Key Players

Key players operating in the global low-VOC adhesives market include Akzo Nobel N.V., LORD Corporation, Wacker Chemie, SCIGRIP, Pidilite Industries Ltd., Franklin International, ARDEX Group, and Permabond LLC.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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